A Business Purchases Stock on Three Separate Occasions -Using the First In-First Out (FIFO) Method, the Value of r

Multiple Choice

A business purchases stock on three separate occasions $$\begin{array} { r r } \text { Units } & \text { Total } \\\text { bought } & \text { Cost } € \\3500 & 8050 \\3000 & 7110 \\4000 & 9600 \\\hline 10500 & 24760\end{array}$$
-Using the first in-first out (FIFO) method, the value of inventory is:

A) €10,611
B) €10,785
C) €13,975
D) €14,149